DIVIDEND

1.UTI Mastershare Unit Scheme announces dividend.

UTI Mutual Fund has announced 15 November 2012 as the record date for declaration of dividend under the dividend option of UTI Mastershare Unit Scheme. The quantum of dividend will be 22% or Rs 2.20 per unit on the face value of Rs 10 per unit.

News Source – INDIAINFOLINE.

 

2.Reliance Fixed Horizon Fund XXI Series 13 announces dividend.

Reliance Mutual Fund has announced 15 November 2012 as the record date for declaration of dividend under the dividend option of Reliance Fixed Horizon Fund XXI Series 13. The quantum of dividend per unit will be entire distributable surplus available in the scheme as on the record date on the face value of Rs 10 per unit.

News Source – INDIAINFOLINE.

 

3.Peerless Short Term Fund declares dividend under its 'Monthly Dividend Option'.

Peerless Mutual Fund has declared dividend under the 'Monthly Dividend Option' of Peerless Short Term Fund (an open ended debt scheme). The record date for dividend was November 09, 2012. The gross dividend was Rs. 0.0779 per unit for Monthly Dividend Option as on the record date net of which will remain tax free in the hands of investor. Dividend is being declared on the face value of Rs.10/- per unit. The Ex-NAV of Peerless Short Term Fund Monthly Dividend option as on November 09, 2012, is Rs. 10.8056, after considering the Dividend Payout and statutory levies, if any.

News Source – REDIFF MONEY.

 



DIVIDEND

4.Franklin Templeton Mutual Fund announces dividend under two schemes.

Franklin Templeton Mutual Fund has announced 16 November 2012 as the record for declaration of dividend under the following schemes. The amount of dividend on the face value of Rs 10 per unit will be:

A) Franklin Templeton Fixed Tenure Fund-Series IX-Plan B:
i) Individuals & HUFs: Rs 0.528 per unit
ii) Others: Rs 0.453 per unit
B) Franklin Templeton Fixed Tenure Fund-Series X-Plan C:
i) Individuals & HUFs: Rs 0.880 per unit
ii) Others: Rs 0.755 per unit
C) Franklin Templeton Fixed Tenure Fund-Series X-Plan D:
i) Individuals & HUFs: Rs 1.541 per unit
ii) Others: Rs 1.321 per unit

News Source – INDIAINFOLINE.

 

GENERAL

5.In-person verification for investment in 'new' mutual funds.

SEBI (Securities and Exchange Board of India) vide circular MIRSD/SE/Cir-21/2011 dated October 5, 2011 has recommended / mandated all mutual fund investors, that the standard KYC form and supporting documents is to be used in accordance with the uniform KYC guidelines. Also the KYC registration needs to be centralized through KRAs (KYC Registration Agencies) from January 1, 2012. If you have already invested in a particular fund house and have completed your KYC before January 1, 2012 then you are already a KYC compliant investor and can make further investments in the existing fund house without any further KYC requirements. If you have already invested in any particular fund house and now wish to invest in another fund house where you have not invested before January 1, 2012, then you will have to complete the KYC formalities again by filling up the new KYC form implemented after January 1, 2012 with supporting documents duly attested and complete the in person verification (IPV).

News Source – INDIAINFOLINE.

Latest Indian Mutual Fund News | 13-Nov-2012
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